0.17 BTC / day using what hardware? or did you buy hashing power and thats it?

so if its not profitable why all these guys have those mining rigs? xD

i currently have 6th/s online...2 th/s hosted for bout 260/mth...I just choose to mine whether or not i make a profit on the coin..i pay the power bill with my hard earned money and save coin in hopes of one day bitcoin takes off and i'm rich a poor man can dream can't he? hehe and i get to help the network n try and decentralize it abit...but i fear KNC and big other mega farms will centralize it and it'll all come crashing down oh well...i got my profit outta btc so this is all play money i guess...could go either way...won't hurt me none

Or as crashoveride54902 says,mine & hold & hope for a massive rise in BTC price

& your correct on the megahuge mining farms,crashoveride54902 They will be in control very soon,not sure how that is going work in BTCland..........

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan GivensGot GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan

I built the rig at the end of January, mining Scrypt on multipools autocoverting to bitcoins, mostly for experimenting. Then changed to X11 in the last period, as profits for Scrypt were going lower and lower.Checking for example Wafflepool, the BTC/MHs/day of X11 are now about 1/3 of Scrypt, but in X11 I get 4x the hash rate and halve the power consumption, so it's definitely more convenient now, at least for me.

I built the rig at the end of January, mining Scrypt on multipools autocoverting to bitcoins, mostly for experimenting. Then changed to X11 in the last period, as profits for Scrypt were going lower and lower.Checking for example Wafflepool, the BTC/MHs/day of X11 are now about 1/3 of Scrypt, but in X11 I get 4x the hash rate and halve the power consumption, so it's definitely more convenient now, at least for me.

how is that possible, lower power consumption?I am assuming you are running your cards at full speed.

I built the rig at the end of January, mining Scrypt on multipools autocoverting to bitcoins, mostly for experimenting. Then changed to X11 in the last period, as profits for Scrypt were going lower and lower.Checking for example Wafflepool, the BTC/MHs/day of X11 are now about 1/3 of Scrypt, but in X11 I get 4x the hash rate and halve the power consumption, so it's definitely more convenient now, at least for me.

how is that possible, lower power consumption?I am assuming you are running your cards at full speed.

Different algorithms result in different GPU utilization. Utilization != % Load

Those of us who were around when bitcoin was mined on GPU, already know that different algorithms have different card utilization. SHA-256 always used less power than scrypt, which is relatively memory-intensive. More power consumed, more heat, more noise, etc.

X11/X13 coins take it to the other extreme, and result in very low GPU utilization (approx half of the normal power consumption of the card).

Does that stay fairly stable? Do you have to do restarts or babysit the temps?

With the price of a datacenter rental there is no way he is making an ROI.

unless he is 'related to the owner' or owns the datacenter heh (er likely)

Searing

Yes, the setup is very stable. I had an issue with one Antminer S2 power supply failure, and one Jupiter hashing board failure, but otherwise it has been rock solid.

I've had a lot of the equipment for months, so most of it is already paid off, and the setup earns many times what it costs in monthly hosting fees. Even the S1s are still fairly profitable, and when they are no longer profitable, I will sell them on ebay and replace them with S3s.

It's funny how people are speculating about how much I pay per month for hosting when they have no clue.

Rest assured that I can do basic math and am confident that I'm sitting in a fairly good position right now...

Holy shit! How old that farm is? i bet u got pretty high amount of coins from it?

Just big WOW

If you pay what I pay every month for colo, you would be making a killing!

How much you pay for colo for those 22 Ths?

That is proprietary information, so I'll never tell. I am very happy with the cost and quality of this co-location facility, and it's close to where I live.

Without revealing the exact cost can you say if it's more or less than 25 cents per KWH? I am trying to find a colo in NJ but it's very difficult to find anything less than 25 cents per KWH, I have about 5TH in my house but cooling is an issue.

Holy shit! How old that farm is? i bet u got pretty high amount of coins from it?

Just big WOW

If you pay what I pay every month for colo, you would be making a killing!

How much you pay for colo for those 22 Ths?

That is proprietary information, so I'll never tell. I am very happy with the cost and quality of this co-location facility, and it's close to where I live.

Without revealing the exact cost can you say if it's more or less than 25 cents per KWH? I am trying to find a colo in NJ but it's very difficult to find anything less than 25 cents per KWH, I have about 5TH in my house but cooling is an issue.

It's much less than 25 cents per KWH, but I live in Ohio, which is cheaper than Jersey. I got quotes and negotiated with multiple data centers until I got one that I liked, but can tell you for sure that the first quote you get from them is likely to be very inflated.

I was not in a hurry and took my time, and the co-loc facilty I liked the best had a price match policy. I was able to get them to beat a quote from another co-loc facility that offered a good price, but I didn't like as much.

Also, keep in mind that you don't need a gold plated co-loc facility for BTC mining. I haven't had any downtime yet but a little downtime does not bother me too much for the price I am paying, and BTC also uses very little network bandwidth. You don't need a state of the art data center for BTC mining, and I certainly didn't want to pay state of the art data center prices.

I was actually very frustrated with my data center search until I filled out a request at http://www.datacentermap.com. Within 24 hours, I was contacted by three different data centers in the area that I hadn't previously considered, and ended up choosing one of them. I highly recommend that site to start your search.

The main risk with renting co-loc space is the contract length. I had to commit to 12 months, so the first few months of your contract are the most risky. It would be very painful for the price of BTC to crash right after signing a 12 month co-loc contract.

Also, a lot of co-loc facilities require insurance, which is a royal pain in the ass to get for any BTC related business. The big, conservative insurance companies like State Farm and Nationwide will not touch a BTC mining business with a ten foot pole. I had to work with multiple insurance agents, and it took me a couple of weeks, but I was finally able to get insurance through Travelers.

It takes a while, but persistence pays off. If it was easy to make a profit mining BTC, everyone would do it.

I was actually very frustrated with my data center search until I filled out a request at http://www.datacentermap.com. Within 24 hours, I was contacted by three different data centers in the area that I hadn't previously considered, and ended up choosing one of them. I highly recommend that site to start your search.

kendog77 thanks for mentioning this site, never knew it existed ... I have two SP10s and two forthcoming SP30s I'm looking to find a home for.